president obama delivering the first state of the union address of his new term tonight. liz: what can we expect from the president as lawmakers continue to battle over the budget? peter barnes at the white house with the very latest. peter? >> reporter: hey, david and liz, that's right. on the budget, at least, we're probably going to hear a lot of familiar ground, the same, pretty much the same familiar blueprint from the president tonight. he wants a balanced approach to deaf of sit reduction that would combine both higher tax revenues from closing tax loopholes, at least on this go around again combined with spending cuts including some entitlement reforms. but i also asked the president's, one of his top economic advisers, gene sperling, this morning what the president would say about energy. for example, would he announce his support for the keystone pipeline? here's what sperling said. >> the president thinks that energy is a critical part of our economic future, and he will certainly talk about that, and he'll talk about that in many ways but most specifically on